S&P 500 Dips on Trump, Oil; SpaceX, Tesla Tumble
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- S&P 500 closed slightly lower on Monday, weighed down by rising oil prices and Trump comments that the headline coverage linked to broader stock market losses.
- SpaceX and Tesla, both Elon Musk-led, tumbled in the selloff, while a chip-stock rally later helped Nasdaq and S&P 500 futures rebound and counter Iran-driven jitters.
Why it matters: Monday's session stacked multiple macro headwinds — Trump remarks, rising oil, and Iran tensions — into a single down-close, while a semiconductor-led futures bounce showed split-sector dynamics. SpaceX and Tesla's sharper declines put Musk-linked equities at the visible front line of politically driven selloffs, with chip stocks providing the lone counterweight.
